Deckers Outdoor Corp Delivers Strong Q1 Results and Growth
Introduction to Deckers Outdoor Corp
Deckers Outdoor Corp. (NYSE: DECK), the parent company of popular brands like HOKA and UGG, recently released its first-quarter financial results, announcing a significant uptick in overall performance. This announcement came after the closing bell, and it has investors buzzing with optimism.
Quarterly Financial Highlights
During the first quarter, Deckers Outdoor reported earnings of 93 cents per share, outperforming the analyst consensus estimate of 72 cents. The company achieved impressive quarterly revenues of $964.5 million, surpassing market expectations of $902.08 million. This marks a notable increase compared to the $825.35 million earned during the same quarter last year.
Key Performance Metrics
Deckers' financials for the first quarter are particularly striking:
- Net sales saw an increase of 16.9% year-over-year, reaching $964.5 million from $825.3 million. On a constant currency basis, net sales grew by 16.3%.
- The HOKA brand net sales climbed up by 19.8% to $653.1 million, compared to $545.2 million previously.
- UGG brand net sales also showed robust growth, rising 18.9% to $265.1 million from $223 million.
Management's Insights
Stefano Caroti, the CEO of Deckers, expressed his enthusiasm about the company's performance, stating, "HOKA and UGG outperformed our first-quarter expectations, with robust growth delivering solid results to begin fiscal year 2026." Caroti acknowledged the uncertainties in the global trade environment but maintained an optimistic outlook regarding the long-term potential of Deckers' brands.
Future Projections
Looking ahead, Deckers Outdoor anticipates its second-quarter earnings per share to fall between $1.50 and $1.55, slightly below the analysts' predictions of $1.56. The company expects revenue for the quarter to be between $1.38 billion and $1.42 billion, aligning closely with the average estimate of $1.4 billion.
Stock Performance
In response to the strong financial report, Deckers' stock witnessed a significant rally, increasing by 15.78% and reaching a price of $121.50 during extended trading hours. Investors are clearly reacting favorably to the promising results and forward-looking statements made by the company.
Conclusion
The strong performance of Deckers Outdoor Corp. in the first quarter, characterized by significant growth in sales and earnings, reflects the company's effective management strategies and strong brand positioning. With continued confidence in its core brands—HOKA and UGG—Deckers seems poised for future success in the footwear and apparel industry.
Frequently Asked Questions
What are the recent earnings figures for Deckers Outdoor Corp?
Deckers reported earnings of 93 cents per share, surpassing estimates of 72 cents.
How did Deckers' revenues compare year-over-year?
Revenues increased by 16.9% to $964.5 million this quarter compared to $825.3 million last year.
What is the outlook for the second quarter?
Deckers expects earnings per share between $1.50 and $1.55 and revenue to be between $1.38 billion and $1.42 billion.
What were the sales increases for HOKA and UGG brands?
HOKA brand sales increased by 19.8%, while UGG brand sales rose by 18.9%.
What has been the stock performance following the earnings release?
Following the earnings report, Deckers' stock has increased by approximately 15.78%.
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